German airline Condor to receive loans worth 550 million euros - government

BERLIN (Reuters) - The German government and the federal state of Hesse have agreed to provide Condor with loans worth 550 million euros ($596.31 million), the economy minister said on Monday, after the owner of Poland's LOT pulled out of a deal to buy the airline."The company was operationally healthy and profitable in normal times and has good prospects," Peter Altmaier said in a statement.Condor said in a separate statement that it would receive a loan of 294 million euros as coronavirus aid..